Paras Defence shares surge 20% in two days amid dividend and stock split expectations.
Defence stock: Shares of Paras Defence and Space Technologies Limited, a company in the defence sector, have witnessed a significant rally. The company's stock has climbed nearly 20% in the last two trading sessions. On Tuesday, the share price reached ₹1245 on the BSE, marking a 9% increase.
Key Reasons for the Surge
The company has informed the exchange that a board meeting will be held on April 30, 2025, to discuss two significant proposals:
- Sub-division of equity shares, or stock split
- Recommendation of dividend for the fiscal year 2024-25
This anticipation has led to significant investor interest in the market.
First Dividend on the Horizon
The company's shares were listed at an issue price of ₹175 in October 2021. The share price has since increased by more than 552%. If a dividend is declared, it will be the company's first.
Share Performance and Statistics
- 52-week high: ₹1,592
- 52-week low: ₹681.95
- One-month return: Approximately 30%
- Six-month return: 29.54%
- One-year return: 70.69%
- Two-year return: 130.15%
- Company market cap: ₹5,016.96 crore (BSE)
